The National Construction Cost Index – M (INCC-M), calculated by the Getulio Vargas Foundation (FGV), registered inflation of 0.87% in April this year. The rate is higher than the 0.73% index in March, but it was below the 0.95% of April 2021.
As a result, the INCC-M accumulates inflation rates of 2.74% in the year and 11.54% in 12 months, according to data released today (26).
The hike in the rate from March to April was driven by materials and equipment, whose inflation rate went from 0.29% to 1.35% in the period.
On the other hand, services and labor had a drop in the rate. Services went from 0.79% to 0.73%, while labor fell from 1.12% to 0.46%.
